Single-Tenant Office Condo with NNN
4815 State Highway 121 The Colony, TX 75056
For Sale
$720,000
SINGLE_FAMILY - The Colony, TX
Lot Size0.04 Acres
Days on Market91
Property Features for 4815 State Highway 121
General Information
Property type
Residential
Property subtype
Office
Standard status
Active
APN
R655706
Lot size
0.04 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Flooring type
Engineered
Building materials
Brick
Roof type
Composition
Listing Agency:
Younger Partners Dallas, LLC
(214) 294-4400
Listed By:
Jennifer Permenter · License #0397828
(214) 238-8000
Added: May 1
Changed: Jul 30
Last Checked: Jul 30 at 9:06AM
MLS# 21249192
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Investment Insights
Based on property information with market context.
This single-tenant office condo fronts State Highway 121 and is offered as a low-maintenance, NNN lease investment. The suite includes seven rooms, two restrooms, two showers, and one break room, with plumbing in all seven rooms. Washer and dryer hookups and shower facilities are in place, supporting both professional and medical-oriented use. Interior finishes were updated in 2024, and the property is managed by the 121 Office Plaza Condominium Association.
The property features prominent pylon signage along SH 121 for branding exposure. Zoned PD 11, the space allows a wide range of uses, including medical, dental, general offices, personal services, and tutor centers. The current tenant is described as stable, with net income of $46,800 annually and renewal options noted in the offering materials.
The property features prominent pylon signage along SH 121 for branding exposure. Zoned PD 11, the space allows a wide range of uses, including medical, dental, general offices, personal services, and tutor centers. The current tenant is described as stable, with net income of $46,800 annually and renewal options noted in the offering materials.
Key Highlights
- Single‑tenant office condo fronting SH 121 with an NNN lease and net income of $46,800 annually
- Year built 2015 with brick construction, composition roof, engineered flooring, and central HVAC
- Interior includes 7 rooms: 2 restrooms, 2 showers, and 1 break room, plus washer and dryer hookups
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Single-tenant office condo with 2024 interior finishes, seven rooms, and NNN structure managed by the condominium association.
Where is this office units located?
The property is located at 4815 State Highway 121 The Colony, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Single‑tenant office condo fronting SH 121 with an NNN lease and net income of $46,800 annually; Year built 2015 with brick construction, composition roof, engineered flooring, and central HVAC; Interior includes 7 rooms: 2 restrooms, 2 showers, and 1 break room, plus washer and dryer hookups
